Economists expect an increase of about 215,000 jobs in May, following the addition of 288,000 jobs in April. Although the jobs growth is seen slowing in May, it is not sufficient to upset the view that economic recovery is on track.
The goods trade deficit increased to
Exports declined 4.4% month-on-month in April to
The pound climbed to 0.8103 against the euro, compared to Thursday's closing value of 0.8119. On the upside, 0.80 is seen as next resistance level for the pound.
After edging down to 1.6801 against the US dollar in early European deals, the pound tick up to 1.6820 shortly thereafter. The pair was valued at 1.6819 at yesterday's close. The next possible upside target for the pound lies around the 1.69 zone.
The pound bounced off to 1.5020 against the Swiss franc, from its prior low of 1.4979. If the pound extends gain, it may find resistance around the 1.51 mark. At Thursday's close, the pair was quoted at 1.4982.
Consumer prices climbed 0.2% year-on-year after staying flat in April. The rate also exceeded the consensus forecast of 0.1%.
The pound rose back against the yen with pair trading at 172.17, after sliding to 171.82 at
Besides jobs data, the US consumer credit for April is also due in the New Yok session.
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